China Entertainment started from Nortel 2002

Chapter 690 Rejected Investment
Although Longwei Media's 3 billion acquisition plan failed due to regulatory and other reasons, Zhao Yanzi did not give up and proposed a slimmed-down acquisition plan.
Wanjia Culture dropped a bombshell: Due to the difficulty Longwei Media encountered in financing, the two parties decided to adjust the transaction.

The company's largest shareholder and Longwei Media signed the "Supplementary Agreement on the Share Transfer Agreement", which adjusted the total number of shares transferred to Zhao Wei's Longwei Media from the original 1.85 million shares to 3200 million shares, and the total transfer price was adjusted to RMB 5.29 million.

The direct result of the transaction plan of 30.6 billion yuan shrinking to 5.29 million yuan was not only the shattered dream of the actual controller, but more seriously, it caused many shareholders to lose all their money.

After the announcement of Zhao Yanzi's acquisition, Wanjia Culture, which had been suspended for 32 trading days, saw its share price rise by 5% within 36 days.

However, the announcement of the change in plan caused Wanjia Culture's stock price to plummet, burying countless retail investors.

"There are rumors that Zhao Yanzi is manipulating the securities market to make profits"

Ning Hao spoke cautiously to Li Mu in front of the monitor. There was no one else around except Wen Muye, so there was no need to worry about being overheard by others.

"Who said that?"

"Those people in the capital circle, I guess after this wave of Wanjia Culture, basically there will be no increase in the short or long term."

Ning Hao swore, "The leeks are harvested so quickly. With just one piece of news, the market value has increased by billions. If I were a banker, I would also run away with this news."

"If you play like this, you will end up destroying yourself sooner or later."

Li Mu sneered. He was not sure about the future trend of Wanjia Culture's stock price, but he was clear about Zhao Yanzi's ending.

However, at this time, people in the industry were still very envious of Zhao Yanzi's courage to enter the capital world and to be so successful.

At the same time, Zhang Yimou's "The Great Wall" has also been released in North America for three days. Universal Pictures opened 3326 theaters for "The Great Wall", and it took in 1846 million US dollars in three days over the weekend, which was an average performance.

This opening result exceeded the 1800 million of "Hero", becoming Zhang Yimou's best in North America, but due to the high cost of production of 1.5 million US dollars, it is definitely not a highlight.

On the side of Mengying Media, the post-production of the two films "Knife Identity 2" and "Wolf Warrior 2" were completed at almost the same time, and the issue of release date also came up.

Compared to "Knife of the Assassin 2", the military blockbuster "Wolf Warrior 2" has touched the hearts of many people in the industry.

The previous film directed by Li Mu, "Operation Red Sea", broke 44 billion and stopped at 45 billion, breaking the domestic box office record, 10 billion more than "The Mermaid".

"Wolf Warrior 2" can be said to be a response to the rise of mainstream military blockbusters in the East.

If Mengying Media had not released a guaranteed price this time, the industry would have definitely gone crazy for it.

"Mr. Li, Director Wu's idea is to release it during the National Day. After all, a movie of the same genre as Operation Red Sea is more popular during this period, so we won't have to compete for the Spring Festival next year."

Liu Weijuan reported to Li Mu over the phone.

"Okay, then let's do the National Day release date. Does Lu Yang have any ideas for Blade of the Assassin 2?"

"Director Lu listened to the publicity department's opinion and decided to release the costume drama in either the summer vacation or the Lunar New Year period. Director Lu chose the July summer vacation period."

Li Mu nodded. This schedule is not bad and is indeed suitable for "Knife of the Assassin 2".

The box office performance of the original "Knife of the Assassin 2" was not particularly ideal, because it happened to coincide with the release of "Wolf Warrior 2" during the summer vacation, with only a one-week interval, which was really unlucky.

This time, "Wolf Warrior 2" will be released during the National Day holiday. For "Knife of the Assassin", only Hollywood blockbusters can pose some threat.

The news that Mengying Media's two films had been scheduled for release soon spread throughout the industry, with the most nervous being the films that were scheduled to be released during the National Day holiday.

Last year’s “Operation Red Sea” is still fresh in our memory.

"Old Huang, there's no need to schedule our movie for the National Day holiday, right?"

At this time, Han Sanping was also discussing the release schedule of "The Founding of an Army" with Huang Jianxin.

"I won't join in the fun, let's just go for the Army Day on August 1st and release it at the end of July."

Huang Jianxin feels that this movie probably isn't particularly appealing, and it might not even make a splash if it's released during the National Day holiday. It would be better to just keep it released in late July or August.

“I don’t know if Wu Jing’s film can replicate the miracle of Operation Red Sea.”

Han Sanping sighed and said that things have changed dramatically in the past twenty years or so, with movies grossing over four billion yuan coming out.

“It’s not that easy”

Huang Jianxin smiled and shook his head, obviously feeling that setting a new record was difficult.

At the same time, Fan Binbin and Li Chen were also on the first floor of Huayi, preparing to look for Ye Ning and Wang Zhonglei.

"Are we really going to schedule it for National Day?"

Fan Binbin seemed a little worried. Mengying Media's "Wolf Warrior 2" has already announced a release date, but Li Chen still insisted on releasing the film, which was recently renamed "Lang Tianlang" to "Sky Hunter", during the National Day holiday.

“It’s okay. Didn’t ‘Operation Mekong’ and ‘Operation Red Sea’ have the same release schedule? It won’t stop ‘Operation Mekong’ from exceeding 1 billion and making a ton of money.” Li Chen said confidently.

“This time, Sky Hunter and Wolf Warrior 2 will be released together. Maybe they can create a good story like the last National Day holiday. Maybe Sky Hunter will lead the way.”

He was full of confidence in this air force movie, which inherited the real shooting style of Li Mu's "Operation Red Sea", and both he and Fan Binbin were filmed with style, absolutely beautiful and handsome. There is no doubt that the audience will like it.

"Okay." Seeing that Li Chen was so confident, Fan Binbin had no choice but to do so for now. They were about to go to the meeting room, and the focus today was still on attracting Huayi investment.

Due to continuous overspending during the filming process, "Sky Hunter" has now reached the final stage of filming, but the money has been gone, and it still has to be produced in post-production, and currently it still needs to attract an investment of 80 million yuan.

Li Chen and Fan Binbin’s former employers are both Huayi, so naturally they hope Huayi will participate in the investment.

The two were extremely confident when they came. Now it is clear in the industry that main-theme military blockbusters are golden cakes, and 80 million is nothing.

However, the two of them did not notice that Ye Ning's expression was a little uncertain at this time.

"Hey, have you heard? Huayi refused to invest in Li Chen's film "Sky Hunter"

You can always hear all kinds of gossip in the crew, and news from all directions will always reach the ears of certain people, not to mention that this is a large crew with hundreds of people.

"No way, their old employer Huayi would actually refuse?"

"Ye Ning refused. I heard that she was not optimistic about it.

But Li Chen is rich. When he said he refused, his face was very unhappy. He was ready to spend 70 million yuan to do the post-production. It seems that he is going to slap his face. "

Everyone in the crew was still talking with interest. Well, it would be interesting if this dramatic development ended up being slapped in the face.

Li Mu and his companions also heard everything.

"Old Li, is this true?"

Ning Hao asked Li Mu directly. After all, in this kind of matter, the people in the industry who knew the truth best were naturally the CEOs of major film and television companies.

Such things could not be hidden from their news network.

“The news is true!”

Li Mu smiled and said, "And it seems that they are planning to schedule it during the National Day holiday to compete with Wolf Warrior 2."

“I guess they are trying to replicate the trend of last year’s Operation Red Sea and Operation Mekong. They are quite similar.”

"Come whenever you want."

Li Mu smiled. He wanted to see what the final outcome would be when they met again.

After the Spring Festival period ended in February, the film and television industry also seemed a little sluggish and entered March.

"On March 3, Beijing time, according to The Hollywood Reporter: The Great Wall only earned $3 million in China and $1.7 million in North America, far below investor expectations.

Sources revealed that the film may suffer a loss of US$7500 million, of which the investor and distributor Universal Pictures may lose at least US$1000 million. This also sounded the alarm for future Sino-US co-productions.

Although the news has just been released, people in the industry have already predicted that the film will suffer a huge loss, and netizens are talking about it.

"I didn't expect that. I thought I could break even. After this, I'm afraid it will be difficult for the national master to make Hollywood blockbusters."

"This is the first case. In the past, Hollywood always took advantage of us. I didn't expect that Zhang Yi would take advantage of Hollywood this time. It's okay to suffer a huge loss."

"."

Besides Zhang Yimou, the people who were most saddened by the global failure of "The Great Wall" were Lu Zheng and Jing Tian.

The original plan was to use this movie to make Jingtian a global presence and reap great rewards, but the final result was not ideal.

"It's okay. Many fans still appreciate your acting skills in Director Zhang's movies."

Lu Zheng consoled them by saying that it was just a huge loss of 7500 million US dollars, but this consolation was not very meaningful.

"Uncle Lu, I know, but now many people think that I am a drag on the movie and have labeled me a box office poison."

Jingtian wanted to cry but had no tears. Although the heroine gained a lot this time, she also suffered a lot after the failure.

"What nonsense! You acted in Li's movies, and which one is worse than Mojin: The Last Dragon? Besides, Kong: Skull Island, which will be released at the end of March, has a very good reputation overseas and will surely be a big hit in China."

Lu Zheng vowed that "The Great Wall" had no good reputation before, but the reputation of "Kong: Skull Island" which is premiering overseas has already been released, and it is quite good.

"You don't need to worry about The Great Wall now. Just focus on the subsequent promotion of King Kong. Then see if there are any resources from Mengying Media. Their movies are really popular."

Looking back, Lu Zheng felt that in recent years, only the movies produced by Mengying Media were good. He also remembered what Li Mu had mentioned to him these days:

"By the way, Director Li and his child will be one year old in a few days, let's go over and congratulate them then."

"Little Baozi is already one year old. How fast she has grown. She was so cute when I first saw her."

Jingtian's beautiful eyes lit up, and she immediately thought of the cute little pink bun.

(End of this chapter)